Open Door Law Sample Clauses

Open Door Law. During the Term of this Agreement, Operator shall conduct meetings of the Directors relating to the School in compliance with the Open Door Law, IC § 5- 14-1.5 et. seq.
Open Door Law. All meetings of the Board shall be conducted in conformance with the requirements of Indiana’s Open Door Law.
Open Door Law. With the exception of Executive Sessions, “all meetings of the governing bodies of public agencies must be open at all times for the purpose of permitting members of the public to observe and record them.” Corresponding code: I.C. 5-14-1.5-3 The ODL requires public notice of the date, time, and place of any meetings, executive sessions, or of any re- scheduled or reconvened meeting at least 48 hours prior to the meeting, excluding Saturdays, Sundays, and legal holidays. A public agency must post a notice of meetings at the principal ofice of the agency, and if no such ofice exists, at the place where the meeting is to be held. Corresponding code: I.C. 5-14-1.5-5 Notice requirements apply to all meetings, including executive sessions. Requirements: Date, time, and location of the meeting, posted 48 hours in advance of the meeting. 48 hours does not include weekends or holidays, and the specific time is required. The notice must be posted at the agency’s principal ofice or at the meeting place, and the agency also must deliver notice to all news media that deliver by Dec. 31, an annual written request for such notices. The ODL does not require a public agency to formally adjourn its meetings. This does not relieve the public agency its requirement to post notice of its meetings 48 hours in advance. Corresponding code: I.C. 5-14-1.5-5 A meeting from which the public is excluded, except the governing body may admit those persons necessary to carry out its purpose. Public notice of an executive session must be given 48 hours in advance of every session, excluding Saturdays, Sundays and legal holidays, and must state the time, date, location and subject matter by reference to the specific statutory exception under which an executive session may be held. The governing body may not take final action (i.e., vote) in an executive session but may make decisions in the executive session. The board can take oficial action in an Executive Session (for example, receive information, deliberate, etc.) but cannot take FINAL action in an Executive Session. So, any votes and so forth would need to take place in the open public meeting. The ODL sets out the specific matters about which a public agency can hold an executive session. These include instances like government strategy discussions with respect to collective bargaining and litigation, interviews of prospective employees, job performance evaluations, and the purchase or lease of property by the public agency. Some Rea...

Related to Open Door Law

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  • Anti-Money Laundering and Red Flag Identity Theft Prevention Programs The Trust acknowledges that it has had an opportunity to review, consider and comment upon the written procedures provided by USBFS describing various tools used by USBFS which are designed to promote the detection and reporting of potential money laundering activity and identity theft by monitoring certain aspects of shareholder activity as well as written procedures for verifying a customer’s identity (collectively, the “Procedures”). Further, the Trust and USBFS have each determined that the Procedures, as part of the Trust’s overall Anti-Money Laundering Program and Red Flag Identity Theft Prevention Program, are reasonably designed to: (i) prevent each Fund from being used for money laundering or the financing of terrorist activities; (ii) prevent identity theft; and (iii) achieve compliance with the applicable provisions of the Bank Secrecy Act, Fair and Accurate Credit Transactions Act of 2003 and the USA Patriot Act of 2001 and the implementing regulations thereunder. Based on this determination, the Trust hereby instructs and directs USBFS to implement the Procedures on the Trust’s behalf, as such may be amended or revised from time to time. It is contemplated that these Procedures will be amended from time to time by the parties as additional regulations are adopted and/or regulatory guidance is provided relating to the Trust’s anti-money laundering and identity theft responsibilities. USBFS agrees to provide to the Trust: (a) Prompt written notification of any transaction or combination of transactions that USBFS believes, based on the Procedures, evidence money laundering or identity theft activities in connection with the Trust or any Fund shareholder; (b) Prompt written notification of any customer(s) that USBFS reasonably believes, based upon the Procedures, to be engaged in money laundering or identity theft activities, provided that the Trust agrees not to communicate this information to the customer; (c) Any reports received by USBFS from any government agency or applicable industry self-regulatory organization pertaining to USBFS’ Anti-Money Laundering Program or the Red Flag Identity Theft Prevention Program on behalf of the Trust; (d) Prompt written notification of any action taken in response to anti-money laundering violations or identity theft activity as described in (a), (b) or (c) immediately above; and (e) Certified annual and quarterly reports of its monitoring and customer identification activities pursuant to the Procedures on behalf of the Trust. The Trust hereby directs, and USBFS acknowledges, that USBFS shall (i) permit federal regulators access to such information and records maintained by USBFS and relating to USBFS’ implementation of the Procedures, on behalf of the Trust, as they may request, and (ii) permit such federal regulators to inspect USBFS’ implementation of the Procedures on behalf of the Trust.

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  • U.S. Patriot Act Each Lender hereby notifies each Loan Party that pursuant to the requirements of the U.S. Patriot Act, it is required to obtain, verify and record information that identifies Loan Parties, which information includes the name and address of each Loan Party and other information that will allow the Lenders to identify such Loan Party in accordance with the U.S. Patriot Act.

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